VARIABLE INTEREST ENTITIES

6 Months Ended

Jun. 30, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Consolidated Variable Interest Entities

Bunge Chevron Ag Renewables LLC ("BCAR") is a VIE in which Bunge is considered to be the primary beneficiary because it is responsible for the day-to-day operating decisions of BCAR as well as the marketing of the principal products, primarily soybean meal and oil produced and sold by BCAR, among other factors.

The following table presents the values of the assets and liabilities associated with BCAR to the extent included in Bunge’s condensed consolidated balance sheets as of June 30, 2026, and December 31, 2025. All amounts exclude intercompany balances, which have been eliminated upon consolidation.

For all other VIEs in which Bunge is considered the primary beneficiary, the entities meet the definition of a business, and the VIE's assets can be used other than for the settlement of the VIE’s obligations. As such, these VIEs have been excluded from the below table.


(US$ in millions)	June 30, 2026		December 31, 2025
Current assets:
Cash and cash equivalents	$	12	$	226
Trade accounts receivable	—		3
Inventories	111		58
Other current assets	85		37
Total current assets	208		324
Property, plant and equipment, net	900		714




Total assets	$	1,108	$	1,038

Current liabilities:
Trade accounts payable and accrued liabilities	$	78	$	81


Other current liabilities	95		45





Total liabilities	$	173	$	126

Non-Consolidated Variable Interest Entities

For information on VIEs for which Bunge has determined it is not the primary beneficiary, along with the Company’s related maximum exposure to losses associated with such investments, please refer to Note 11 - Investments in Affiliates and Variable Interest Entities, included in the Company’s 2025 Annual Report on Form 10-K filed with the SEC on February 19, 2026.